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home improvement loan lenders · HMDA 2023–2025

Home improvement loan lenders in Alabama

Fat Boy Data analyzed home improvement loan activity in Alabama to show which lenders are making these loans, how often they approve, how often borrowers accept the offer, and how much they typically finance. 28,059 applications were decided by 251 lenders between 2023 and 2025.

Alabama at a glance

251Active lenders68 with 20+ decisions
62.3%Market approval rate17,488 of 28,059 decided
$55KTypical loanmedian lender, $10K brackets
90%Borrower take-up15,776 loans funded

How Alabama compares

Approval rate compared
Alabama62.3%All 616 counties62.7%
Typical loan compared
Alabama$55KAll 616 counties$75K

What the data shows

Regions Bank made the most home improvement loans in Alabama, 3,762 of them.

Legacy Community Federal Credit Union approved the highest share of applications among lenders with at least 20 decisions here, 100% of 42.

The typical home improvement loan here is $55K, 27% smaller than the the United States typical of $75K.

No lender with a meaningful sample here has a typical home improvement loan at or below $35K, so small jobs are poorly served by the banks in this market.

Approval rate of all 60 lenders with 20+ decisions here
0%25%50%75%100%Wells Fargo Bank, National Association: 27% approved of 83Discover Bank: 31% approved of 742Bank of America, National Association: 35% approved of 592Keesler: 38% approved of 32Truist Bank: 38% approved of 492Spring Eq, LLC: 40% approved of 516PenAir Credit Union: 45% approved of 190U.S. Bank National Association: 46% approved of 242Fourleaf: 49% approved of 63Regions Bank: 50% approved of 8,578Pentagon Federal Credit Union: 51% approved of 141PNC Bank, National Association: 56% approved of 1,741Pinnacle Bank: 59% approved of 39MAX Credit Union: 62% approved of 369Navy Federal Credit Union: 62% approved of 886Rocket Mortgage, LLC: 64% approved of 204Loandepot.Com, LLC: 64% approved of 70New American Funding, LLC: 64% approved of 76Citizens Bank, National Association: 65% approved of 176First Horizon Bank: 66% approved of 205Figure Lending LLC: 66% approved of 671United Community Bank: 68% approved of 214United Bank: 68% approved of 28Hancock Whitney Bank: 68% approved of 171Synovus Bank: 71% approved of 226Trustmark Bank: 71% approved of 307All In Federal Credit Union: 73% approved of 522Kinetic Federal Credit Union: 73% approved of 26Auburn University Credit Union: 73% approved of 26Tyndall Federal Credit Union: 74% approved of 293Redstone Federal Credit Union: 74% approved of 3,166Southern Energy Credit Union: 75% approved of 129Emblem: 76% approved of 179Renasant Bank: 76% approved of 135SouthState Bank, National Association: 77% approved of 362Family Savings Credit Union: 77% approved of 53The First Bank: 78% approved of 69Nationstar Mortgage LLC: 79% approved of 155Homebridge Financial Services, Inc.: 79% approved of 47Movement Mortgage, LLC: 79% approved of 34America's First: 80% approved of 1,710Avadian: 80% approved of 931BankPlus: 81% approved of 68Bank Independent: 82% approved of 60Community Bank of Mississippi: 83% approved of 110Valley National Bank: 84% approved of 37Crosscountry Mortgage, LLC: 84% approved of 31New Horizons Credit Union: 84% approved of 31The Loan Store, Inc.: 86% approved of 35Bryant Bank: 86% approved of 190CB&S Bank, Inc.: 86% approved of 108SmartBank: 86% approved of 37Lendage, LLC: 87% approved of 75BankFirst Financial Services: 89% approved of 36Honda: 90% approved of 30Family Security Credit Union: 92% approved of 25River Bank & Trust: 94% approved of 387ServisFirst Bank: 95% approved of 231Coastal Community Bank: 98% approved of 648Legacy Community Federal Credit Union: 100% approved of 42

Each dot is one lender, placed at its approval rate. Hover for the name and sample size.

Home improvement loan lenders in Alabama

LenderApprovalApprovedTaken upTypical loanLoans made
1Regions Bank50%4,254 / 8,57888%$55K3,762
2Redstone Federal Credit Union74%2,344 / 3,16686%$55K2,011
3PNC Bank, National Association56%981 / 1,74197%$75K949
4America's First80%1,363 / 1,71099%$65K1,349
5Avadian80%746 / 931100%$55K746

Ranked by lending volume. Approval is the share of decided applications a lender approved; taken up is the share of approvals the borrower accepted. Lenders with fewer than 20 decisions are marked as a limited sample and are never used for a “highest approval” claim. How these numbers are built.

Fat Boy found 246 more lenders.

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You are seeing the 5 largest home improvement loan lenders in Alabama. Unlock every lender who decided one of these loans here, what they approved, how much borrowers actually took, and how far the nearest office is.

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Other lending data for Alabama

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Counties in Alabama

Jefferson CountyCountyMobile CountyCountyMadison CountyCountyBaldwin CountyCountyTuscaloosa CountyCountyMontgomery CountyCountyShelby CountyCountyLee CountyCountyMorgan CountyCountyCalhoun CountyCountyHouston CountyCountyLimestone CountyCounty